□ trainee reporter Xu Jia
More than half of the executives resigned, the chairman can not perform their duties, earnings side micro (7.45 + 0.27%, clinics) (000670.SZ) frequent changes in personnel attracted the attention of the Shenzhen Stock Exchange.
Shenzhen Stock Exchange's attention letter shows that Yingfangwei has proposed the resignation of two independent directors and the resignation of one director since October 2017. In addition, the situation that the chairman of the company is unable to perform his duties, the deputy general manager, the chief financial officer and the secretary of the board of directors Are in a vacancy.
Cheung Kong Commercial Daily reporter found that quit, or unable to perform their duties, including independent director Wang Yue, Zhao Haifeng, deputy general manager and chief financial officer, chairman Chen Zhicheng, director of the company, the Board of Directors Wang Fang and independent director Qian Kai. Dong Wang Yue and Qian Kai still temporarily perform their duties, Chen Zhicheng short term unable to perform the duties of chairman and legal representative of the company, currently by the board director Fang Xusheng acting chairman and legal representative duties until Chen Zhicheng resume duty day.
Yesterday, Yingfang Micro Board Office told the reporter of Cheung Kong Commercial Daily that at present the company's production and business activities are all normal and the corporate governance mechanism is operating effectively. The operation of the board of directors and management is normal and has not been affected by changes in recent directors and senior management. In addition, the Company is actively promoting the recruitment and recruitment of the above vacancies.
Chief Financial Officer Election Mutual Motion Appears
Infront Fang Wei in the election of new executives, not smooth sailing.
Regarding Appointing Chief Financial Officer, Infront Micro Board considered two mutually nominated motions of different nominations, during which, Zhang XX, the current financial manager nominated by general manager Li Yuan, directors Chen Yan Biao, Shi Hao Liang and Du Dong were opposed , Wang Yue, an independent director, abstained on the ground that Huang XX, the nominee of the other nominee, is better able to assume the post of CFO because nominee Huang XX, Chen Zhicheng, chairman of board of directors, Fang Xusheng, acting chairman of the board, Zhu Peng and director of independent directors Dong Qiankai expressed his abstention on the ground that he lacked a full understanding of Huang XX and Zhang XX was more appropriate.
In the end, neither of the two bills was passed by more than half of all directors, and the post of CFO remains vacant.
Yingfangwei said that the objections or abstentions of individual directors during some board meetings did not materially affect the company's production and operation decisions. At the same time, it reflected that the board of directors is committed to follow the principle of "openness and fairness, scientific decision-making".
In addition, the Cheung Kong Commercial Daily reporter noted that on October 31 Ying Fang micro-disclosure, directors Chen Yan table and Shihao Leung that the company collection of receivables ineffective, and therefore give up on the "Company Third Quarter Report 2017 and the text" motion right to vote.
The controlling shareholder pledged 99.98% of the shares held
In fact, Yingfangwei currently has many problems such as the freezing of all the shares held by controlling shareholders, litigation of various disputes and the decline of net profit.
In October 2016, due to the alleged violation of relevant laws and regulations by the Company, the SFC's investigation into the petition of the surplus party has so far failed.
In March of this year, all the shares held by the controlling shareholder Shanghai Yingfang Microelectronics Technology Co., Ltd. (Ying Ying Microelectronics Co., Ltd.) and the actual controller Chen Zhicheng were frozen by the judiciary.Since then, disputes over loan contracts and disputes over bills recourse And other litigation, Yingfang Microelectronics company shares held by the judicial freeze on many occasions.
As of November 3, Yingfang Microelectronics holds 21,169,256 shares of the company, accounting for 25.92% of the total share capital of the Company, and the total number of shares held by the Company in its judicial freeze amounted to 21,169,276 shares, accounting for 25.92% of the total share capital of the Company.
Cheung Kong Commercial Daily reporter also noted that Yingfang Microelectronics shares held by the company held a total of 21,144,217 shares pledged, accounting for 25.89% of total share capital, pledge ratio as high as 99.98%.
As the earnings side of the micro-share price decline, earnings side microelectronics pledged stocks have been approaching the warning line and the open line.
The company said that if the shares held by the pledge for the subsequent judicial enforcement of disputes, may lead to the actual control of the company changed, please note that the majority of investment investors risk.
Performance has not reached the standard, backdoor only two years was 'wearing a star hat'
As the former 'star shares', Yingfangwei did not achieve satisfactory results after its listing on the backdoor S Shunyuan in 2014. The annual report even was' unable to express opinions' by the accounting firms, resulting in the company's stock being' '.
At that time, Ying Fang Micro promised that since the transfer of shares was completed and the share merger reform of the Company was completed, the net profit attributable to the parent company after deducting non-recurring gains and losses from the 2014 to 2015 audited consolidated statements Not less than 50 million yuan, 125 million yuan.However, in 2014, 2015, the company deducted non-net profits were -66.94 million, 12,706,300, not up to two consecutive years.
In addition, the company has introduced such hot items as Big Data, Beidou and VR in order to increase its business growth, but the reality shows once again that the acquisition of the project does not seem to have brought profit to the company or even a slight loss.
2015 Annual Report shows that the company achieved net profit attributable to shareholders of 21.09 million yuan, an increase of 305% over the previous year.But this annual report was unable to express an opinion on the audit firm's audit report, the Shenzhen Stock Exchange in accordance with the relevant provisions of the implementation of stock transactions Delisting risk warning, the company's stock once limit.
Subsequently, Hubei Securities Regulatory Bureau issued a regulatory attention letter to re-employ an accounting firm audit, corrected the 2015 net profit attributable to shareholders of the parent company to reduce the original disclosure of 9,659,400 yuan, accounting for 45.96% of the original disclosure The matter on the real controller Chen Zhicheng, when Zhao Haifeng, chief financial officer to criticize.
In March of this year, Yingfangwei's earnings for 2016 were issued by the accounting firms with an unqualified Auditor's Report with Emphasis Issues, and the company succeeded in taking off the cap.
Yingfang Micro Board Office said that after the completion of the share reform (gift of assets + capital reserve increase), the Company realized net profit attributable to parent company in 2015 and 2016 of approximately RMB11.35 million and RMB24.17 million respectively , Operating results have improved compared with the share reform.
It is worth mentioning that Yingfang micro-net non-profit in the first three quarters of this year -2410.86 million, down 330% over the same period.In early August this year, Ying Fang Wei and the largest customer HighSharp lease expires, and HighSharp Re-signed a 33 million US dollars operating contract.It is understood that, HighSharp in 2016 for the earnings contribution of nearly 40%, has become the company's largest customer for two consecutive years.
As of December 11 closing, Yingfangwei offer 7.43 yuan / share, compared with the highest price in June 2015 24.18 yuan / share, down nearly 70%.